SOL 1 WSolana's chart is completely bullish. Likewise, in the monthly chart, if the resistance of $48 is broken, it can continue to move up to $100.
SOL
SOLUSDTBINANCE:SOLUSDT Short idea
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SOL is heading to $29.67 first then...SOL looks like it could be heading back to $29.67, and could easily push up to the $35.23 level in quick succession if the volume is there.
Looks like bullish divergence to me SOLSol has had its ass handed to it thanks to SBF. It’s been underperforming probably due to this stigma of crooked VC crypto fraud, but the chart screams upside. Ftx pump retraced, just a matter of time before it breaks out from downtrend. If weekly can hold above, look for pump into 30-40s and assuming crypto continues its run (given liquidity increases, rate drops soon, and fed balance sheet expansion imminent, this is likely) then would like to see this back in triple digits by EOY. Possible ATH after if popular narrative aligns.
SOLUSD Is it too late to buy now?Solana smashed through our 32.000 TP (chart at the bottom) and turned technically overbought on the 1D timeframe (RSI = 85.195, MACD = 3.972, ADX = 68.655). Even the 1W technical outlook has an overbought RSI = 74.450 and as the price is near the R1 level (48.500), which was the Resistance during July-August 2022, we may see a technical pullback to ease some of this excessive extension.
On the long term this bullish trend is here to stay though, as the 1W MACD is on a Bullish Cross that just crossed over the 0.000 level and the trend is supported by a HL trendline. Consequently we will wait for a pullback towards the 1D MA50 and the 0.382 Fibonacci level around 31.000 to go long and target the 0.618 Fibonacci level (TP = 67.000).
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Solana ($SOL) Next Target: Can It Reach The $45 Threshold?Solana is current facing the $37 dollars resistance, once the price crosse’s the red line, $45 to $50 will be the next target, but we might see a little correction if the momentum is not strong enough.
The past month as a whole has been a great time for SOL investors, as the asset is up more than 80% in the period. For comparison, Bitcoin only saw a 27% rally in this timeframe.
Thanks to this strong performance, SOL has also managed to improve its market cap ranking recently, as it now sits 7th on the list. This means that the asset is now the seventh-largest crypto in the sector on the basis of total valuation.
Going Short Solana HereSolana has reached it's target from a long-standing inverse H&S pattern (zoom out to see). Daily RSI is over 86 as of this post. Going short here. SL 48. Target 32.
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🔥GLOBAL OVERVIEW On MATIC For The Bull Market❗️MATIC is of the strongest altcoins among thousands of crypto. The previos bull market confirms it. The growth by 110 times after the triangle breakout!
💥 It capitalization have already reached $300M and it has potential but it's around 30-50x ($27-40 per coin).
Locally, Matic can grow to the top of the channel by +110% and make a pullback. I expect the growth after this pullback, but the growth continue if it break the triangle streight now.
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🔥 SOL Waiting For Break Out: Bulls Are Feasting!SOL has been one of the bigger winners of the last few weeks, seeing a 100% increase since the September lows.
However, caution is advised for the bulls. SOL has reached a very important area of resistance, so some profit taking is to be expected here.
However, with BTC looking great, I'd be surprised if SOL won't break through this resistance area. Personally, I'm going to wait for a break out and retest of the resistance before making an entry.
Celebrating Solana's Incredible Performance - Time to Long SOL!Solana's recent performance has left many of us in awe, as it has consistently defied expectations and pushed the boundaries of success. The project's innovative technology, robust ecosystem, and growing adoption have undoubtedly fueled its meteoric rise.
Now, you might be wondering, "What's next for Solana?" Well, my dear traders, the answer is simple: it's time to long SOL and ride the wave of this unstoppable momentum!
With Solana's strong fundamentals, increasing institutional interest, and a vibrant community backing it, there's every reason to believe that this upward trend will continue. By strategically positioning ourselves to long SOL, we can potentially reap substantial rewards in the near future.
So, let's seize this opportunity and take advantage of Solana's bullish run. Here's your call-to-action:
1. Conduct thorough research: Dive deep into Solana's technological advancements, partnerships, and upcoming developments. Educate yourself about the project's potential and understand why it stands out in the competitive crypto landscape.
2. Analyze market trends: Keep a close eye on SOL's price movements, trading volume, and market sentiment. Look for patterns that can help you make informed decisions and identify favorable entry points.
3. Develop a trading strategy: Craft a well-thought-out plan that aligns with your risk tolerance and investment goals. Determine your entry and exit points, set stop-loss orders, and consider leveraging appropriate trading tools to maximize your potential gains.
4. Stay updated: Stay connected with reliable news sources, industry influencers, and Solana's official channels. By staying informed, you'll be equipped with the latest information to make timely decisions.
Remember, trading always carries risks, and it's important to exercise caution and conduct your own due diligence. However, with Solana's current trajectory and the positive sentiment surrounding it, the potential for profits is undeniably exciting.
SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this SOL/USDT update from Crypto Sanders.
Chart Analysis:- Solana (SOL) was one of the notable gainers in the market on Monday, as the token climbed above the 35.00 mark.
Following a low of 32.29 on Sunday, SOL/USD rose to an intraday high of $35.17 to start the week.
This is the highest level the cryptocurrency has hit since November 6 last year, when the price was trading above 37.00.
Solana was one of the biggest tokens to fall following the FTX fraud scandal, however, the price has made steady gains since then.
Today’s surge comes as the relative strength index (RSI) rallied above a ceiling of 74.00, and now sits at 77.33.
SOL remains above 35.00 as of writing, however, bulls could begin taking profits in the coming days.
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Solana Skyrockets to $35 as VanEck Predicts Unprecedented GrowthSolana, the rising star of the blockchain ecosystem, has just hit a staggering milestone, soaring to an impressive $35! But that's not all - brace yourselves for even more excitement as VanEck, a leading investment management firm, projects unprecedented growth for Solana in the near future!
This monumental achievement is a testament to the immense potential and resilience of Solana. With its lightning-fast transaction speeds and low fees, Solana has captured the attention of both retail and institutional investors alike. Now, with VanEck's bullish prediction, it's time to seize this opportunity and take your trading game to new heights!
So, why should you consider long positions on Solana? Allow me to present you with a few compelling reasons:
1. Unparalleled Scalability: Solana's architecture is designed to handle thousands of transactions per second, making it one of the most scalable blockchain platforms available. This scalability ensures that Solana can support a wide range of decentralized applications and attract more users and developers to its ecosystem.
2. Growing Ecosystem: Solana's ecosystem is expanding rapidly, with an increasing number of projects and dApps being built on the platform. This growth is a clear indicator of the confidence developers have in Solana's capabilities and its potential to disrupt various industries.
3. Institutional Support: VanEck's projection of unprecedented growth for Solana adds significant weight to its potential as a long-term investment. Institutions like VanEck have a deep understanding of market dynamics and their endorsement can instill confidence in traders looking for profitable opportunities.
Now, the big question is, how can you capitalize on this exciting development? It's simple - consider going long on Solana! By taking a long position, you can potentially benefit from the anticipated growth and capitalize on the upward momentum. Keep a close eye on the market trends, set your stop-loss orders wisely, and ride the Solana wave to potential profits!
Remember, trading always carries risks, and it's essential to conduct thorough research and seek professional advice before making any investment decisions. However, with Solana's recent achievements and VanEck's positive outlook, the potential rewards appear to be worth the calculated risks.
Don't let this opportunity pass you by - join the Solana revolution and embrace the potential for unprecedented growth! Keep a close watch on the market, stay informed, and make your move when the time is right.
Fomo Purchases and Late LiquiditySolana.. abrupt pullback at Key Level to gather liquidity?
Jumping in front of a Freight train is no fun so it's particularly risky going countertrend the market when there is Momentum on the Higher timeframes. Understabding the risks involved is necessary when trading fakeouts. Fakeouts occur more often then not and that is because of lack of attention to detail, laziness, and ignorance may likely play a role.
Short term targets are 30.19 and 29.07 daily levels
Solana run till 35? Solana's upward momentum may still have room to grow. A potential trajectory points towards 35 (as indicated), provided that the 32.40 support level remains intact. It will also depends what BTC will do.
SOL - breakout out of the massive falling falling wedge SOL - breakout out of the massive falling falling wedge. The SOLANA BreakPoint 2023 event is almost here.
Will we see a buy the rumour sell the news again?
TP1 is Already secured it's a stress-free ride now. :-)
